PNG Focused Cott Oil & Gas Confirms Pandora LNG Project Feasibility

Papua New Guinea (PNG) focused oil and gas company Cott Oil and Gas has received two technically and commercially feasible LNG concepts for the Pandora gas field from Wison Offshore and Marine.

Cott was awarded a 40 per cent interest in the Pandora gas Discovery (PRL 38) in December 2013 which contains a gross 2C Contingent Resource of 792 BCF gas (132 mmboe). Other participants in the Pandora project include Talisman Energy (25% and operator), Kina Petroleum Limited (25%) and Santos Limited (10%).

Two concepts presented by Wilson are:

• A 1mtpa offshore Floating Liquefied Natural Gas (FLNG) vessel incorporating gas clean up, liquefaction and storage for 170,000m3; and
• A Near Shore LNG vessel with 170,000m3  of storage and with sufficient topside space to accommodate up to 2.5 mtpa of liquefaction capacity.

The Pandora gas fields were discovered in 1988 and are located approximately 200km west of Port Moresby in the Gulf of Papua. The gas field comprises two discoveries in water depth of approximately 120m.